Amazon's Strategic Retreat from Live Audio Resonates Bitter-Sweet Symphony
Portfolio Pulse from Anusuya Lahiri
Amazon has decided to discontinue Amp, its live-audio app introduced in March 2022. This decision is part of a broader pattern of project terminations at Amazon under CEO Andy Jassy's leadership. The company plans to use the insights gained from the app to enhance fan experiences on Amazon Music. Other companies, including Meta Platforms and Spotify Technology, have also rolled out live audio features.
October 05, 2023 | 12:17 pm
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Amazon's decision to discontinue Amp could potentially impact its position in the live audio market. However, the company plans to use the insights gained from the app to enhance fan experiences on Amazon Music.
While the discontinuation of Amp could be seen as a setback, Amazon's plan to use the insights gained from the app to enhance Amazon Music could potentially strengthen its position in the music streaming market.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEUTRAL IMPACT
Meta Platforms has also rolled out live audio features. The discontinuation of Amp by Amazon could potentially impact the competitive landscape.
The discontinuation of Amp by Amazon could potentially change the competitive landscape for live audio features, which could impact Meta Platforms.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50
NEUTRAL IMPACT
Spotify Technology has also rolled out live audio features. The discontinuation of Amp by Amazon could potentially impact the competitive landscape.
The discontinuation of Amp by Amazon could potentially change the competitive landscape for live audio features, which could impact Spotify Technology.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50